5 Best Performing S&P 500 Stocks in the Last 5 Years

In this piece, we will take a look at the five best performing S&P500 stocks over the past five years. If you want to learn more about the flagship U.S. stock index, then check out 13 Best Performing S&P 500 Stocks in the Last 5 Years.

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

5 Year Share Price Gains: 474%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor designer that sells products to general and corporate consumers. These days, there is cautious optimism among investors that its PC slump might finally be over, with Q3 2023 market research data from Mercury Research showing that Advanced Micro Devices, Inc. (NASDAQ:AMD) gained a 5% PC market share over traditional rival Intel.

Insider Monkey dug through 910 hedge fund portfolios for this year’s June quarter and found that 112 had bought the firm’s shares. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor among these is Ken Fisher’s Fisher Asset Management through its $3 billion investment.

4. Synopsys, Inc. (NASDAQ:SNPS)

5 Year Share Price Gains: 475%

Synopsys, Inc. (NASDAQ:SNPS) is an American software company that caters to the needs of the manufacturing industry. Its shares are also rated Strong Buy on average, and analysts have priced in a $35 share price upside through the average share price target of $518.

As of June 2023 end, 57 out of the 910 hedge funds profiled by Insider Monkey were the firm’s shareholders. Synopsys, Inc. (NASDAQ:SNPS)’s largest hedge fund investor is Panayotis Takis Sparaggis’s Alkeon Capital Management as it owns 1.2 million shares that are worth $552 million.

3. Tesla, Inc. (NASDAQ:TSLA)

5 Year Share Price Gains: 808%

Tesla, Inc. (NASDAQ:TSLA) makes and sells electric cars and energy storage systems. A slowing economy and high inflation haven’t done it any favors, as the firm has beaten analyst EPS estimates in only two of its four latest quarters.

During Q2 2023, 79 out of the 910 hedge funds part of Insider Monkey’s database had invested in Tesla, Inc. (NASDAQ:TSLA). Catherine D. Wood’s ARK Investment Management owns the biggest stake among these which is worth $1.2 billion.

2. NVIDIA Corporation (NASDAQ:NVDA)

5 Year Share Price Gains: 1,075%

NVIDIA Corporation (NASDAQ:NVDA) is the darling of the technology industry these days. A semiconductor designer, its products sit at the heart of the ongoing artificial intelligence revolution. This also makes it unsurprising that NVIDIA Corporation (NASDAQ:NVDA) secured an average share rating of Strong Buy and an average share price target with a 23% upside.

After digging through 910 hedge funds for their second quarter of 2023 shareholdings, Insider Monkey discovered that 175 were the firm’s investors. NVIDIA Corporation (NASDAQ:NVDA)’s biggest investor in our database is Rajiv Jain’s GQG Partners as it owns $5.8 billion worth of shares.

1. Enphase Energy, Inc. (NASDAQ:ENPH)

5 Year Share Price Gains: 1,330%

Enphase Energy, Inc. (NASDAQ:ENPH) is an American solar power company that sells hardware used in solar power management. The firm has beaten analyst EPS estimates in all four of its latest quarters, and it is also one of the most undervalued solar power stocks to buy according to hedge funds.

By June 2023 end, 50 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned Enphase Energy, Inc. (NASDAQ:ENPH)’s shares. Philippe Laffont’s Coatue Management is the largest shareholder among these since it owns 612,351 shares that are worth $102 million.

Disclosure: None. You can also take a look at 14 Best Cyclical Stocks To Invest In and Top 20 Diamond Producing Countries in the World.

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